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Dec 31, 2012
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. >>> another day gone and still no deal on the fiscal cliff. if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. >> reporter: >> as >> as we gather with so much, we need to guide our lawmakers with your wisdom. this evening. >> reporter: the senate will reconvene monday morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hours until the u-s economy goes over what's being called the fiscal cliff - lawmakers are locked in a fierce face-off over a set hikes. "we're apart on some pretty big issues." " >> i'm willing to get this done, but i need a dance partner." >> reporter: on n-b-c's meet the press, president obama made a final pitch for his
. >>> another day gone and still no deal on the fiscal cliff. if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. >> reporter: >> as >> as we gather with so much, we need to guide our lawmakers with your wisdom....
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Dec 31, 2012
12/12
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no deal on the fiscal cliff. if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. the senate will reconvene monday morning, at which point there will be just over 12-hours until the u.s. goes over the fiscal cliff. >>> if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. elizabeth corridan is monitoring the situation and brings us the latest. --reporter pkg-as follows -- " as we gather with so much work undone, guide our lawmakers with your wisdom." the senate convened its rare sunday session with a prayer for progress. the house returned from its holiday hiatus. with less than
no deal on the fiscal cliff. if nothing is done by midnight monday, mandatory tax hikes and spending cuts will kick in, impacting every american. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. elizabeth corridan is monitoring the situation from washington, d-c. senate majority leader harry reid says while negotiations are on-going, the senate will not vote on any plan this evening. the senate will reconvene monday...
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Dec 28, 2012
12/12
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KRON
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economy will grow over the " fiscal cliff. " >> what is happening right now high pressure is staying in place and it is falling down and stall in the system. it is currently 34 degrees in santa rosa. it is not a bad start for san francisco they're waking up to 43 degrees. as we take a look at the visibility map there is a dense fog forming. it is not too bad for napa and out in concord. reports of visibility down to this 3 tens of a mile. this is only the dangerous spot here. you may want to allow yourself a little bit of extra time. >> we are tracking the storm for you. we will not see too much moisture associated with this. we will see cloud cover that will start to run but. all the white on the screeby 3:00 p.m. most of the moisture will be sitting off shore. the shower chances will increase later on tonight into the morning. by 9:00 p.m. we may have some light rain for the shoreline. as we continue to advance the clock showers will pass through for overnight hours. >> as we take a look at the afternoon highs it will be a another cold one. it will be 49 degrees for fairfield and 5
economy will grow over the " fiscal cliff. " >> what is happening right now high pressure is staying in place and it is falling down and stall in the system. it is currently 34 degrees in santa rosa. it is not a bad start for san francisco they're waking up to 43 degrees. as we take a look at the visibility map there is a dense fog forming. it is not too bad for napa and out in concord. reports of visibility down to this 3 tens of a mile. this is only the dangerous spot here....
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Dec 27, 2012
12/12
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cliff " a series of tax hikes and spending cuts set to take effect in five days. if this is video of the president leads in hawaii as he heads back to washington for work. house and senate members are expected to reconvene today as well. without a budget agreement, automatic tax increases for every one and deep spending cuts will be triggered in the new year. >> former president george h. w. bush is in intensive care a hospital this morning. mr. bush has been hospitalized there since last month and what is being described as a " stubborn fever ". a spokesman for his office said that the 88 year-old is on an all- liquid diet and has been and i see you since sunday. >> cleanup is underway in mobile, alabama this morning after its second tornado in a week. work crews cleared trees in a hard-hit neighborhoods yesterday. homes and businesses were damaged. a tornado with wind speeds up to 135 mi. per hour hit the city on christmas day. >> parts of upstate new york are seen a heavy snowfall. the national weather service has issued a winter storm warning until midday toda
cliff " a series of tax hikes and spending cuts set to take effect in five days. if this is video of the president leads in hawaii as he heads back to washington for work. house and senate members are expected to reconvene today as well. without a budget agreement, automatic tax increases for every one and deep spending cuts will be triggered in the new year. >> former president george h. w. bush is in intensive care a hospital this morning. mr. bush has been hospitalized there since...
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Dec 28, 2012
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that is all that remains before our economy falls off the fiscal cliff. tonight we're learning congressional leaders will convene at the white house tomorrow for last-minute talks to avoid tax increases and spending cuts. kron 4's justine waldman has details on negotiations. >> reporter: the economy is getting very close to falling off the fiscal cliff. though a last minute plan could be in the works. on friday, congressional leaders will meet with the president to discuss the standoff. obama and congressional democrats want a deal that would let tax rates rise for the wealthiest taxpayers. many republicans remain against any tax increases. the white house meeting would be the first time the president has huddled with all four november 16. the senate is back in session. majority leader harry reid is starting to sound pesimistic. >> reid: "i have to be very honest. i don't know how it can happen now." >> reporter: the house is still on christmas break. but will meet sunday evening, a little more than 24 hours before the "fiscal cliff" arrives. but it's not
that is all that remains before our economy falls off the fiscal cliff. tonight we're learning congressional leaders will convene at the white house tomorrow for last-minute talks to avoid tax increases and spending cuts. kron 4's justine waldman has details on negotiations. >> reporter: the economy is getting very close to falling off the fiscal cliff. though a last minute plan could be in the works. on friday, congressional leaders will meet with the president to discuss the standoff....
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Dec 31, 2012
12/12
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KRON
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cliff we are in the final hours from keeping lawmakers from going over that so- called fiscal cliff. >> economist there that the combination of automatic spending cuts and tax increases could trigger a new recession. >> and spencer explains how negotiations today must now overcome a " major setback. >> there will be part of it that i find disgusting rest principle which i may have to swallow in the name of compromise. be a rare session on capitol hill. >> the senate will come to order. >> as lawmakers try to avoid the so-called fiscal cliff. >> both sides agreed to push forward. >> i want everyone to know i am willing to go the distance. but i need a dance partner. >> vice-president joe biden departure for mcconnell. >> if is not resolved by midnight tonight tax increases will be for all americans. >> one mom said to me in michigan that is four months' worth of groceries. >> that is gas for me back and forth to work. >> democrats won higher taxes on americans earning more than two of the $50,000 a year. >> republicans want taxes to stay where they are. >> others want to see governmen
cliff we are in the final hours from keeping lawmakers from going over that so- called fiscal cliff. >> economist there that the combination of automatic spending cuts and tax increases could trigger a new recession. >> and spencer explains how negotiations today must now overcome a " major setback. >> there will be part of it that i find disgusting rest principle which i may have to swallow in the name of compromise. be a rare session on capitol hill. >> the senate...
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Dec 28, 2012
12/12
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KGO
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cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast, more rain on the way? >>> in due time we'll get light rain not this morning high clouds to the east from sutro tower in san francisco where dry now live doppler 7 hd spinning tracking the showers, the rain i should say as it is developing over the ocean water right now let's see how far that is, 41 miles from santa rosa, 51 from san francisco, under the returns, very dry air, sprinkles at best lieu the 30s, just updated these the entire peninsula, upper 30s only 40s left, half moon bay 41, oakland 42, san francisco 44. everybody else mid to upper 30s. 33 gilroy. 40 salinas. cool start today, light rain by the
cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast,...
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Dec 27, 2012
12/12
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KTVU
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. >>> president barack obama arrives for high level talks on the fiscal cliff. he will cut his trip short in hopes of negotiating a deal with republicans. >>> and pg&e is returning gas service to a brentwood neighborhood and others are under water to shelter in place. >>> business owners are trying to put a top to it. now fruitville avenue they are smashing windows destroying decorations and the latest incident happened. that area has been the center of reason crimes and they are asking city leaders for more protection. they are looking at three shoplifting suspects. the three women went into two source stores on scald -- two stores on california streets and they put some merchandise into their bags and walked out of the stores. they have been arrested but they are still looking for more information on the suspects. >>> they refused to bring medical coverage to include morning after conception. sonia judge sonia sotomayor was looking whether to violate their faith and said the challenge could be heard in a lower court. >>> doctors are still keeping a close eye o
. >>> president barack obama arrives for high level talks on the fiscal cliff. he will cut his trip short in hopes of negotiating a deal with republicans. >>> and pg&e is returning gas service to a brentwood neighborhood and others are under water to shelter in place. >>> business owners are trying to put a top to it. now fruitville avenue they are smashing windows destroying decorations and the latest incident happened. that area has been the center of reason...
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Dec 26, 2012
12/12
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KRON
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the president is returning to the white house to work on a fiscal cliff deal before the europeans. house and senate members are expected to reconvene on thursday. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. >> we will be right back. >> for the rest of today we are looking for showers. tomorrow there will be lots of sun shine. satellite and radar shows a there will be a big storm for the mountains. right now most of the showers are starting to decrease. futurecast 4 shows that some showers will be in the south bay but that will be scattered. by the late afternoon we may see sunshine as we start to clear out the skies. the sierra forecast shows a they have a winter storm advisor. they are expected to receive three to 6 in. of snow. this is great news for snow boarders and skiers. >> the highs for today will be in the mid '50s for oakland and the east bay. it will be 53 degrees for downtown san francisco. here is a look at your 7 day around the bay forecast. decreasing clouds for the afternoon and may be a bit br
the president is returning to the white house to work on a fiscal cliff deal before the europeans. house and senate members are expected to reconvene on thursday. without an agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. >> we will be right back. >> for the rest of today we are looking for showers. tomorrow there will be lots of sun shine. satellite and radar shows a there will be a big storm for the mountains. right now...
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Dec 30, 2012
12/12
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KRON
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the fiscal cliff. on saturday the president was at work here at the white house, but all eyes were up on the senate where negotiators were trading deal points and revenue figures, to try to reach an agreement all sides can stomach. the base line for the president - any bipartisan bill would have to extend unemployment insurance benefits that would affect some two million americans. and it would have to increase taxes on the highest income earners. but negotiators could still work out exactly where those tax increases would hit and whether they would halt an increase in the estate tax. now in case that deal breaks down, the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor. that bill would increase taxes for households that earn 250- thousand dollars or more. now that's a democratic proposal, and you can expect republicans would block it. so rather than thinking of that as a stop-gap measure, think of it as a political move to try to shift the respons
the fiscal cliff. on saturday the president was at work here at the white house, but all eyes were up on the senate where negotiators were trading deal points and revenue figures, to try to reach an agreement all sides can stomach. the base line for the president - any bipartisan bill would have to extend unemployment insurance benefits that would affect some two million americans. and it would have to increase taxes on the highest income earners. but negotiators could still work out exactly...
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Dec 24, 2012
12/12
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time is running out to avert the fiscal cliff of tax increases in domestic programs cuts in january. some members of congress are concerned that a deal can't be reached. >> we are going to go over the cliff now because that is what the president wants. you cannot negotiate with someone who does not want to negotiate. >> president obama is and why you right now and will be cutting his vacation short. we will see the taxes go up if we do go over the fiscal cliff. palin a nurses' strike thousands of nurses walked off the job today at nine bay area hospitals. nurses with a center helps halt the bay summit medical center are asking for a negotiated labor contracts and improvement in patient care protections. such as staffing levels, a health benefits, and sick days. strikers a hospital officials want to reduce the number of paid sick days for nurses and technicians while maintaining health care coverage for those who work fewer than 30 hours a week. >> we're looking at power outages this morning all across the bay area. here's a look at the numbers. in the north bay 1075 people are withou
time is running out to avert the fiscal cliff of tax increases in domestic programs cuts in january. some members of congress are concerned that a deal can't be reached. >> we are going to go over the cliff now because that is what the president wants. you cannot negotiate with someone who does not want to negotiate. >> president obama is and why you right now and will be cutting his vacation short. we will see the taxes go up if we do go over the fiscal cliff. palin a nurses'...
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Dec 28, 2012
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economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including " he would ask me to tell you please put the sharks back in the closet " the 88 year- old has been in a hospital for more than a month after first coming down with bronchitis. >> a live look
economy will go over the so- called fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at...
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Dec 30, 2012
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to avert the fiscal cliff. on saturday the president was at work here at the white house, but all eyes were up on the senate where negotiators were trading deal points and revenue figures, to try to reach an agreement all sides can stomach. the base line for the president - any bipartisan bill would have to extend unemployment insurance benefits that would affect some two million americans. and it would have to increase taxes on the highest income earners. but negotiators could still work out exactly where those tax increases would hit and whether they would halt an increase in the estate tax. now in case that deal breaks down, the president has asked democratic leader harry reid to prepare a separate bill to put on the senate floor. that bill would increase taxes for households that earn 250- thousand dollars or more. now that's a democratic proposal, and you can expect republicans would block it. so rather than thinking of that as a stop-gap measure, think of it as a political move to try to shift the respons
to avert the fiscal cliff. on saturday the president was at work here at the white house, but all eyes were up on the senate where negotiators were trading deal points and revenue figures, to try to reach an agreement all sides can stomach. the base line for the president - any bipartisan bill would have to extend unemployment insurance benefits that would affect some two million americans. and it would have to increase taxes on the highest income earners. but negotiators could still work out...
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Dec 31, 2012
12/12
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>> your realtime captioner: linda marie macdonald >>> peering over the "fiscal cliff," lawmakers have just hours to prevent tax hikes and spending cuts. is there any hope for a deal? >> reporter: firefighters are calling a house fire in san francisco's excelsior district suspicious. we'll tell you why in just a few moments. >> it's a frosty start to this last day of 2012. what about rain? could we see that on new year's eve? weta
>> your realtime captioner: linda marie macdonald >>> peering over the "fiscal cliff," lawmakers have just hours to prevent tax hikes and spending cuts. is there any hope for a deal? >> reporter: firefighters are calling a house fire in san francisco's excelsior district suspicious. we'll tell you why in just a few moments. >> it's a frosty start to this last day of 2012. what about rain? could we see that on new year's eve? weta
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Dec 31, 2012
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cliff. " economists fear the combination of automatic spending cuts and tax increases could trigger a new recession. andrew spencer explains how negotiations today must now overcome a " major setback. " >> talks on briefly hit a major setback over social security benefits. both sides agree to push for. >> i want everyone to know that i'm willing to get this done but i do need a dance partner. joe biden is that person. top-level resources stated that the two were talking and if nothing is resolved by midnight then the taxes will increase for everyone. >> one mom and mexican stated that this is about 1 months of groceries. >> democrats want the tax is to be raised for people making too much as $50,000 a year more. other people want to see government spending put in check. >> the president is doing nothing about the eviction of his administration. he is the spender in chief. >> i offered over a trillion dollars in addition to spending cuts. this is a way that we can have increased revenue. >> the senate recompense at 11:00 a.m. so as americans celebrate 2013, they may wake up and state
cliff. " economists fear the combination of automatic spending cuts and tax increases could trigger a new recession. andrew spencer explains how negotiations today must now overcome a " major setback. " >> talks on briefly hit a major setback over social security benefits. both sides agree to push for. >> i want everyone to know that i'm willing to get this done but i do need a dance partner. joe biden is that person. top-level resources stated that the two were...
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Dec 27, 2012
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cliff. c-e-o howard schultz is asking workers at its 120 d-c-area stores to write "come together" on the coffee cups they serve on thursday and friday. he says it's a way to quote: "send our elected officials a respectful but potent message, urging them to come together to find common ground." both sides are due back by thursday and have vowed to make a final attempt. starbucks notes workers are not required to write the message on cups. >> 49ers sunday at candlestick with a chance to clinch the division title kron four's jason appelbaum joins me now with more. .jason the team's a little banged up right? >> manning's am >> vernon davis, manning >> . >> and justin smith at this kind of the big one, butthe injuries shouldn't be a problem sunday with an arizona team in town that has lost 9 of it's last 10 games coach jim harbaugh's team a two-touchdown favorite to beat the cardinals.which as vicki mentioned would lock up the nfc west title - and assure the niners of a home game in the first rou
cliff. c-e-o howard schultz is asking workers at its 120 d-c-area stores to write "come together" on the coffee cups they serve on thursday and friday. he says it's a way to quote: "send our elected officials a respectful but potent message, urging them to come together to find common ground." both sides are due back by thursday and have vowed to make a final attempt. starbucks notes workers are not required to write the message on cups. >> 49ers sunday at candlestick...
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Dec 28, 2012
12/12
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number one is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u- s economy would be right now? >> jacqueline: often tends already 40's in vallejo, daly city 45 in pleasanton. get ready for a chilly night tonight but tomorrow the increased cloud coverage. we are seeing some high clouds with the extent of that high cloud coverage will determine how cold temperatures are going to get overnight. cold, with those of clear skies. if those clouds moved in, it could warm-up with a well- defined system cool front pressing towards the coast. it will ride by tomorrow. the futurecast by 8:00 a.m. increase with clouds. it will move in by 2:00 a.m. in the north bay. however, here comes the cool front. moderate over santa rosa, and started to press to the san mateo coast by eight. this will be a quick moving system. heavy rainfall through napa and the midnight will press it south to the g
number one is the fiscal cliff. lawmakers saw it coming but didn't bother to pay any attention to it until after the election. had they put politics aside and dealt with it earlier, who knows how strong the u- s economy would be right now? >> jacqueline: often tends already 40's in vallejo, daly city 45 in pleasanton. get ready for a chilly night tonight but tomorrow the increased cloud coverage. we are seeing some high clouds with the extent of that high cloud coverage will determine how...
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Dec 27, 2012
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president obama cutting his vacation short a comeback for the fiscal cliff tops. the senate is open for business and senate majority leader urging speaker of the house to pass the senate version. it keeps the taxes from going up on americans making less than $250,000 a year. speaker banner has already had problems trying to get the deal past to raise taxes on of americans making over $8 million a year. the $250,000 limit will not fly. >> sent this three authorization it goes right to the president that if we except the house bill and get it signed. if it goes past the first of the program goes down. the program is interrupted. this is important. it has the support of national security the attorney general air coulter and other national security officials who have made clear as to the importance of this. at this time following my remarks i would like to enter the letters into the record. >> here on the floor the senate it is getting back to work trying to get the house to attending. president obama just getting off of air force one right now. he has already made ph
president obama cutting his vacation short a comeback for the fiscal cliff tops. the senate is open for business and senate majority leader urging speaker of the house to pass the senate version. it keeps the taxes from going up on americans making less than $250,000 a year. speaker banner has already had problems trying to get the deal past to raise taxes on of americans making over $8 million a year. the $250,000 limit will not fly. >> sent this three authorization it goes right to the...
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Jan 1, 2013
01/13
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KRON
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increases and spending cuts. >>> it's not just the fiscal cliff u-s lawmakers need to worry about this morning. there's also concern about the nation's debt ceiling. the u-s reached its legal borrowing limit of 16-point- 4 trillion dollars yesterday. the treasury department is taking measures to buy time until the end of february. they include suspending some investments in benefit fundsbut after that, the treasury will not be able to pay all of the country's bills in >>> doctors are treating secretary of state hillary clinton for a blood clot that formed in her head and they're confident she will make a full recovery. not cause a stroke, or any brain damage. the clot is located in the vein in the space between the brain and the skull behind the right ear. to help dissolve the clot, they are treating her with blood thinners. she will be released once the medication dose has been established. we will be right back. . >>> zynga has started shutting down several titles as part of a plan to cut costs at the struggling online game company. games such as petville and mafia wars 2 will no lon
increases and spending cuts. >>> it's not just the fiscal cliff u-s lawmakers need to worry about this morning. there's also concern about the nation's debt ceiling. the u-s reached its legal borrowing limit of 16-point- 4 trillion dollars yesterday. the treasury department is taking measures to buy time until the end of february. they include suspending some investments in benefit fundsbut after that, the treasury will not be able to pay all of the country's bills in >>>...
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Jan 1, 2013
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washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain how we got to this point and who will suffer as a result. it was a battle and lack of that caused the republican led house of representatives tomorrow. that means we will go over the fiscal cliff at midnight tonight. something the president didn't when he met with reporters >> if this seems that this deadline is shortly in sight. >> reporter: the president indicated that congress was closing in on an increase in taxes for the middle-class. ford and com burgers over the amount of $450,000. for -- the amount of the and, revenue of $450,000 household incomes. >> if they think i'm going to finish with deficit r
washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain...
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Dec 28, 2012
12/12
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WMAR
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. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of bronchitis with a series of complications. she says that mr. bush is g
. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk prices could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york....
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Dec 28, 2012
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economy and make over the so-called fiscal cliff. reaching a deal before them will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are all watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. i told president i would be happy to look at what they're he promises but the truth is is that we are coming up against a hard deadline here and as i said this is a conversation we should have had months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans who are making $250,000 or more a year. many republicans remain against the tax increases. >> former president george h. w. bush is still in intensive care at a houston hospital this morning dealing with a stubborn fever. the former president's family is confident that he will be out of the i see you soon. the 88 year-old has been in a hospital for more than a month, after first coming down with bronchitis
economy and make over the so-called fiscal cliff. reaching a deal before them will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are all watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. i told president i would be happy to look at what they're he promises but the truth is is that we are...
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Jan 1, 2013
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but still, not a lot of time to mitigate all the effects of the "fiscal cliff." i'm grace lee, cbs 5. >>> amazingly the stock market didn't step off a cliff. in fact, the dow ended higher today. supposedly based on hope that a deal would be reached. it closed out 2012 with a 7% gain. nasdaq and s&p 500 also ended higher. >>> new details tonight in the murder of a teenaged girl in oakland over the weekend. she has been identified by oakland police as 15-year-old jubrill jordan. she was killed and a 14-year- old boy wounded near 66 and lion yesterday as they walked to a nearby bart station. witnesses say the shooter was also a teenager possibly as young as 13. >> my grand kid come to my house every, single day, kid they like to go to places, to friends' house, they take off though their little friends house and these fools out here killing each other. it's not right. >> the shooting brings oakland's homicide total to 131 for the year a 27% increase from last year. >>> remember all that christmas shopping that you did? good timing. as cbs 5 reporter mike sugerman te
but still, not a lot of time to mitigate all the effects of the "fiscal cliff." i'm grace lee, cbs 5. >>> amazingly the stock market didn't step off a cliff. in fact, the dow ended higher today. supposedly based on hope that a deal would be reached. it closed out 2012 with a 7% gain. nasdaq and s&p 500 also ended higher. >>> new details tonight in the murder of a teenaged girl in oakland over the weekend. she has been identified by oakland police as 15-year-old...
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Dec 29, 2012
12/12
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but at this point can we avoid the "fiscal cliff"? it is still possible but experts say with every passing hour it becomes more difficult. >> well, we're now at the last minute. the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> reporter: congressional leaders left the white house after trying to negotiate an 11th hour deal to avoid the "fiscal cliff" of tax hikes and spending cuts that begin on january 1. the president emerged shortly after admitting no deal had been reached at least not yet. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion. >> reporter: the senate is in session today and is expected to return on sunday along with the house. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendati
but at this point can we avoid the "fiscal cliff"? it is still possible but experts say with every passing hour it becomes more difficult. >> well, we're now at the last minute. the american people are not going to have any patience for a politically self-inflicted wound to our economy. not right now. >> reporter: congressional leaders left the white house after trying to negotiate an 11th hour deal to avoid the "fiscal cliff" of tax hikes and spending cuts that...
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Jan 1, 2013
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a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in washington, much more serious. vice president joe biden went to capitol hill late after the deal was struck. the senate went back into session, and around 2:00 a.m., the vote was in. the bill as amended is passed. >> reporter: the senate approved a measure that puts off spending cuts for two months and keeps the tax cuts for individuals earning less than $400,000 and couples earning more than 450,000 there. the goal was to protect the middle class families. >> middle class families will wake up today to the assurance their taxes won't go up $2,200 each. they can decide how they're going to pay for groceries, rent. >> we don't think taxes should be going up on anyone, but we all knew that if we did nothing, they would be going up on everyone today. we weren't going to let that happen. >> reporter:
a m was proved on tax incruises and spending cuts, possibly avoiding the fiscal cliff. now the m goes to the house of representatives. ed payne has the story. >> reporter: at the stroke of med night, many americans were celebrating and bringing in the new year. but the mood in washington, much more serious. vice president joe biden went to capitol hill late after the deal was struck. the senate went back into session, and around 2:00 a.m., the vote was in. the bill as amended is passed....
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Dec 31, 2012
12/12
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it's an upgrade to yourself. >> the countdown is on to the fiscal cliff coming up at midnight tonight when the automatic tax increases and spending cuts kick in. michael yucky is joining us, thanks for joining us. this is self-imposed, it started two years ago. this is what they came up with. >> they have had a lot of time to look at this and a lot of people are thinking about the marche's curiosity. we want to send congress to mars right now with what's going on. my bet is we will not get a deal tonight, probably tomorrow. it expires that is okay. right now they are haggling over whether is going to be $450,000 tickets taxes or not. the democrats still want the employment extension and everyone wants the dock fixed which is the medicare reimbursement issue. they want to fix the amt patch which affected 31 million americans. part of the issue is our you going to pay for it? the democrats as and when not increased capital gains. the fiscal cliff has the taxing which as a medium impact on the economy but also the spending part which has a longer-term impact. it is a hundred million doll
it's an upgrade to yourself. >> the countdown is on to the fiscal cliff coming up at midnight tonight when the automatic tax increases and spending cuts kick in. michael yucky is joining us, thanks for joining us. this is self-imposed, it started two years ago. this is what they came up with. >> they have had a lot of time to look at this and a lot of people are thinking about the marche's curiosity. we want to send congress to mars right now with what's going on. my bet is we will...
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Dec 31, 2012
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. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain hopeful that'll get a breakthrough. >> we'll pass a minimalist bill so that we won't go over the cliff and then i think we have to go from there. >> on nbc's meet the press, president obama made a final pitch for his plan to preserve bush era tax cuts for welt healthy americans. >> a mijor sticking point continues to be -- major annual sticking point, the threshold has waiverd from $250,000 to as high as millionion dollar. the country doesn't have a tax revenue problem. t has a spending problem. john boehner issued a statement saying republicans have made every effort to make the balanced agreement that the president promi
. >>> the government from going over the flip, yet as the -- fiscal cliff, both republicans said they will not vote tonight. they will reconvene tomorrow morning. >> the vote on spending cuts and tax high school thaksd prevent the u.s. from going -- hike, from -- going over the fiscal cliff, still in the final hours. >> the house and senate convened for rare sunday sessions in hoping of bridging major impasses. >> conversations and discussions continue and we remain...
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Dec 26, 2012
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the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the northeast. >> we are still tracking pretty good storm sales as you can see here is a live look as storm tracker 4. san for cisco is starting to dry out. we are still seeing pretty good rain coming out towards ever bring and 101. \ evergreen and 101. hayward and union city are also looking at moderate rain showers that are coming through. richmond and certain parts oakland are also looking at light rain. all the rain will stick a round and we will have scattered showers for the rest of the day. showers will decrease by the afternoon and you should grab your unreligious in case you are doing shopping. the
the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the...
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Dec 24, 2012
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. >> before we go over the fiscal cliff, negotiations. >> president obama is in hawaii for christmas. and says he'll cut his vacation short to try and hammer out a deal with congress. the deadline. now a week away. if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter health's alta bates summit medical center are asking for negotiated labor contracts and improvements in patient care protections. such as staffing levels, health benefits, and sick days. strikers say hospital officials want to reduce the number of paid sick days for nurses and technicians, while eliminating health care coverage for those who work fewer than 30 hours a week. >> we will be right back. thousands of palestinians and international tourists are visiting bethlehem to visit christmas. and to celebrate-christmas. this is live at the we will be right back. >> watching wall street, this shorter trading day. they a
. >> before we go over the fiscal cliff, negotiations. >> president obama is in hawaii for christmas. and says he'll cut his vacation short to try and hammer out a deal with congress. the deadline. now a week away. if congress fails to reach any agreement, income tax rates will go up on just about everyone on january 1st. unemployment benefits will expire for many as well. >> thousands of nurses will walk off the job today at nine bay area hospitals. nurses with sutter...
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Dec 30, 2012
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lawmakers left for the holiday with the country on the edge of the fiscal cliff. danielle nottingham, cbs news washington. >> it was quite a year. we've going to -- we're going to have more reviews in the last hour. at 8:45 we will take a look at the international news stories of 2012. that is going to be on the cb channel 44, cable 12. >>> for the moment let's look ahead. mcathy labs expects hacking to mobile devices to expand. they might that stuff. the company is especially concerned about so-called ransom ware. it's a type of virus that locks up a phone or tablet and threatens to keep it that way until a ransom is paid. other concerns for mobile customers include trojan horse programs to buy apps without user permission and the hacking of digital wallets. a decline in attacks by hackers because their technical sophistication has grown. >> that's quite the target. >>> it's a murder that even a big city like new york everybody is in shock. >> the arrest of a man pushed to his death at a subway station. ,,,,,,,,,,,,,, a man in front of a subway >>> a woman in new
lawmakers left for the holiday with the country on the edge of the fiscal cliff. danielle nottingham, cbs news washington. >> it was quite a year. we've going to -- we're going to have more reviews in the last hour. at 8:45 we will take a look at the international news stories of 2012. that is going to be on the cb channel 44, cable 12. >>> for the moment let's look ahead. mcathy labs expects hacking to mobile devices to expand. they might that stuff. the company is especially...
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Jan 1, 2013
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. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff lie this is front of us. >> secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the rose parade route preparing for cold weather. >> we have bed, fireplace, blankets, fire pit. we're all set. from across the bay to around the world, the stories that matter on "eyewitness news this morning" ... >>> good morning. january 1, 2013 already. i'm grace lee. michelle is off today. >> hi, everyone. i'm frank mallicoat. it is 6:31. that "fiscal cliff" drama is going on past the deadline which was 9 1/2 hours ago but a little bit of progress. >> that's right. let's take a live look from the u.s. capital where the senate passed the bill after the midnight deadline. the house is set to reconvene this morning at 9 a.m. pacific time with its vote expected sometime today or tomorrow. we're still not sure. highlights of the bill include an extension of those bush-era tax cuts on annual i
. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff lie this is front of us. >> secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the rose parade route preparing for cold weather. >> we have bed, fireplace, blankets, fire pit. we're all set. from across the bay to around the world, the...
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Dec 27, 2012
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. >> the country is inching closer to falling off the so-called "fiscal cliff" -- a series of tax hikes and spending cuts set to take effect in six days. and there still seems to be no signs of compromise between congress president obama is cutting his holiday vacation in hawaii short. and will return to washington tomorrow. house and senate members are expected to reconvene tomorrow as well. without a budget agreement, automatic tax increases for everyone and deep spending cuts will be triggered in the new year. the main dispute continues to be over taxes. >> in national news. dallas cowboys nose tackle josh brent has been formally indicted on a charge of intoxication manslaughter. for the crash that killed a teammate. brent was arrested earlier this month after police say he flipped his car while speeding though a neighborhood in suburban dallas. brent survived the crash. but his friend and teammate. practice squad member jerry brown. died at a hospital. intoxication manslaughter carries a maximum sentence of 20 years in prison. no court dates have been set. >> right now parts of the
. >> the country is inching closer to falling off the so-called "fiscal cliff" -- a series of tax hikes and spending cuts set to take effect in six days. and there still seems to be no signs of compromise between congress president obama is cutting his holiday vacation in hawaii short. and will return to washington tomorrow. house and senate members are expected to reconvene tomorrow as well. without a budget agreement, automatic tax increases for everyone and deep spending cuts...
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Dec 28, 2012
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cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talking about up here. the roadways are completely clear and in livermore the same story. overall
cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the...
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Dec 31, 2012
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crucial meetings happening this morning to keep the country from going over that fiscal cliff. >>> big break in mysterious murder of a south bay millionaire. >>> health care for secretary of state clinton. new d ñ this december 31st, new year's eve, the last day of 2012, we are starting out you can see in this live picture from the embarcadero looking across the bay, it is a frosty but clear and dry start just looking at that you know tv set the picture, you can probably tell the chill that is out there. thanks for joining us i'm kristen sze >>> and i'm katie marzullo in for eric thomas. we'll hand it over to mike. >>> issue out there, black ice on san pablo dam road near inspiration point may have caused accident. not only frosty conditions but the possibility of black ice this will happen again tomorrow morning coolest morning will be wednesday something to think about. here's a look at live doppler, high clouds have moved on, hitting our coldest temperatures of the morning now, that means 30s in a lot of areas around the bay to 44 in san francisco, mid to upper 40s at noon, low! 50
crucial meetings happening this morning to keep the country from going over that fiscal cliff. >>> big break in mysterious murder of a south bay millionaire. >>> health care for secretary of state clinton. new d ñ this december 31st, new year's eve, the last day of 2012, we are starting out you can see in this live picture from the embarcadero looking across the bay, it is a frosty but clear and dry start just looking at that you know tv set the picture, you can probably tell...
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Dec 29, 2012
12/12
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mike pelton, kron 4. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the nation can avoid going over the fiscalbama and the democratic- controlled senate work with republicans to solve the problem. >> the senate has approved a 60-point-4 billion dollar emergency spending package for hurricane sandy recovery. the measure, which was backed by democrats, now heads to the house. meanwhile, republican leaders favor a smaller aid package to pay for immediate sandy recovery needs, saying they need more time to consider any additional aid. >> sandy battered the east coast in late october. it was the most costly natural disaster since hurricane katrina in 2005. >> a connecticut attorney is asking permi
mike pelton, kron 4. >> president obama is urging congress to reach a deal to avoid the fiscal cliff. in today's radio and internet address, mr. obama says he believes leaders in congress may be able to reach an agreement that can pass both houses before taxes rise and spending cuts take effect at the end of the year. he urges "washington politics" to not get in the way of "america's progress." meanwhile, in the republican address, missouri senator roy blunt says the...
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Jan 1, 2013
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. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff still lies in front of us. >> doctors confirm that secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the 5.5-mile rose parade route prepared for the cold weather. >> we have the bed, couple of blankets, the fear pit, chairs, we're all set! >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald >> this is the touchdown! [ applause and cheers ] ♪ [ music ]♪ >> good morning, already a busy 2013. happy new year to everyone. i'm grace lee. michelle is off today. >> all right. i'm frank mallicoat. happy new year, everyone. it's 5:30 now. we are going to take you to washington. we have a live look at the u.s. capital where congressional leaders may have found a way finally to avoid the dreaded "fiscal cliff." >> after that midnight eastern time deadline, the senate passed a b
. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff still lies in front of us. >> doctors confirm that secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the 5.5-mile rose parade route prepared for the cold weather. >> we have the bed, couple of blankets, the fear pit, chairs, we're all...
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Dec 27, 2012
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threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the government from hitting the $16.4 trillion debt limit. >> new evidence the job market is improving. over the past month, the number of people seeking first-time unemployment benefits dropped to the lowest level since 2008. the labor department says weekly applications fell 12,000 to a seasonally adjusted 350,000. but experts warn the christmas holiday may have disrupted the figures. >>> and chicago wins the dubious award of having the nation's most expensive metered parking. starting new year's day park meters in downtown chicago will cost $6.50 an hour. that's up from $5.75. the city leased the meters to a private company for 75 years for the bargain price of more than $1 billion.
threaten to send our committee over the so- called "fiscal cliff." today the president heads back to washington to try to strike a deal with lawmakers. congressional leaders are urging the senate to consider a bill that is already passed in the house that would extend existing tax cuts. >> meantime, the us treasury department says it will start taking steps to prevent the government from hitting the $16.4 trillion debt limit. >> new evidence the job market is improving....
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Dec 30, 2012
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part of the fiscal cliff deal is that there are heavy pentagon cuts in the sequester. the budget is the reason i think president obama would like to have leon panetta told on for a least another year. he is an experienced public official. he was budget director at one time. he has good relations on capitol hill, particularly with republicans. i think the administration would just as soon see him hang in there. he is at the age where he may want to return to california. host: stevens writes in on twitter that he would like to see howard dean offered a position. is there any talk about the howard dean appointment? guest: they do appreciate the job he did during the 2008 election for the party. i have not heard his name. talking with david jackson from "usa today." he also worked at "dallas morning news." i want to go to diane from arizona on the democratic line. caller: is there any possibility ben bernanke and tim geithner could both be replaced? from what i have read, they both have a background or some dealings with the basics and will street. my impression is they ar
part of the fiscal cliff deal is that there are heavy pentagon cuts in the sequester. the budget is the reason i think president obama would like to have leon panetta told on for a least another year. he is an experienced public official. he was budget director at one time. he has good relations on capitol hill, particularly with republicans. i think the administration would just as soon see him hang in there. he is at the age where he may want to return to california. host: stevens writes in...
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Dec 27, 2012
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stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of vehicles went down as a result. k)Ñ exchange#dww, with the bloomberg business report. >>> coming up, do you use those companies that give you a cash advance on your paycheck? you magb(:l be getting some of protected panda.id;gp >> good morning. 5:53. you see the embarcadero, bay bridge you don't see rain or traffic. we'll check in with sue and find out what is going on, on the highways. we'll find out where the rain is with mike. >>> u.s. department of commerce is due to release figures for new home sales, today's updates will hold stead if i not rise a bit they predict 375,000 in new sales. housing numbers slipped last month, new building permits ticked higher, commerce department is expected to release its new report at 7:00 this morning. >>> thousands of california residents could be gettin
stocks continue to fall on fiscal cliff worries president and congress back in d.c. to talk about n'ozn budget today. toyota 1.1 billion dollar charge to settle a lawsuit has to do with more than 10 million vehicles recalled for unintended acceleration from claims the value of vehicles went down as a result. k)Ñ exchange#dww, with the bloomberg business report. >>> coming up, do you use those companies that give you a cash advance on your paycheck? you magb(:l be getting some of...
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Dec 27, 2012
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also dragging down sales was uncertainty about the fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it consumers could see higher taxes eating into their paychecks. even online sales suffered compared to past years of double-digit growth this year online holiday sales rose only about 8% compared to nearly 16% last year. lack of consumer confidence means this shopping season could be the weakest since the recession in 2008 when sales actually shrank. >> consumers need to have more confidence. right now it's more of an uncertain way for the first half of 2013 so i think everyone has thought going into the year. >> for businesses, the holiday shopping season officially ends december 31st, and retailers are hoping to salvage some profits by offering deep discounts until then. the president of the national retail federation is still optimistic. he estimates holiday sales growth will be about 3.5% to 4% this year. rebecca and jeff? >> thanks elaine. it's interesting, macy's and target report next week so we're going to hear from t
also dragging down sales was uncertainty about the fiscal cliff, tax hikes and spending cuts set to take effect next year. if lawmakers don't reach a deal to avoid it consumers could see higher taxes eating into their paychecks. even online sales suffered compared to past years of double-digit growth this year online holiday sales rose only about 8% compared to nearly 16% last year. lack of consumer confidence means this shopping season could be the weakest since the recession in 2008 when...
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Dec 24, 2012
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talks will resume thursday to avoid the fiscal cliff. resident obama and congress are now on christmas vacation. the white house and the house of representatives have still yet to reach an agreement to prevent automatic tax hikes and spending cuts that will take effect on january first if the american red cross bay area chapter is opening an evacuation center in east palo alto for residents affected by widespread flooding near the san francisquito creek. the creek jumped its banks near west bayshore road and widespread rain across the bay area this weekend. >> @ advance of the rainfall is coming from this on and crew gaffes that main band, through the north bay however, staying of with wind gusting of 30 m.p.h. for the coast. however, not much moisture associated with this system. perhaps one-quarter of 1 in. at the lower elevations. for those located in the hills, not much rainfall many people do not have to be out on the roadways. as most of to be inside. if you're going to the sierras, tire chain laws 4 interstate-80, 88. mostly cloud
talks will resume thursday to avoid the fiscal cliff. resident obama and congress are now on christmas vacation. the white house and the house of representatives have still yet to reach an agreement to prevent automatic tax hikes and spending cuts that will take effect on january first if the american red cross bay area chapter is opening an evacuation center in east palo alto for residents affected by widespread flooding near the san francisquito creek. the creek jumped its banks near west...
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Dec 31, 2012
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her& onpanother on the tax cut. >> congress goes back to work trying to avoid the fiscal cliff. >> how close are we to a deal here? >> we shouldn't be waiting for people to cut deals in back rooms. american people ought to be able to watch the discussion and the debate. >> reporter: a connecticut lawyer is getting heavy criticism because he wants to sue the state over the newtown shooting. >> hello. we didn't do enough. this never should have happened. >>> colts' head coach makes it back to the sidelines three months after being diagnosed with cancer. >> the minute you get the diagnosis, you know, it's like getting hit across the head with a baseball bat. >>> kim kardashian and kanye west are expecting their first child. >> a little shocked. a little surprised. >> if there's no agreement by cliff, economists predict america will go back into a >> we don't want a howard dean sc reamscre. am. >> bungee jumping. >> we might need it. i might then and i might now. >>> i'm norah o'donnell with anthony mason. ch arlichare anlie d gaand yle gaylare e aroff.e off. o'donnell with anthony mason.
her& onpanother on the tax cut. >> congress goes back to work trying to avoid the fiscal cliff. >> how close are we to a deal here? >> we shouldn't be waiting for people to cut deals in back rooms. american people ought to be able to watch the discussion and the debate. >> reporter: a connecticut lawyer is getting heavy criticism because he wants to sue the state over the newtown shooting. >> hello. we didn't do enough. this never should have happened....
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. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do thought go up that would hurt our economy badly. we can get that done. >> president obama called for immediate action, but there was that vote in the senate tonight. >> we are going to come in at 11:00 a.m. tomorrow morning, and we will have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible s
. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences,...
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Dec 27, 2012
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cliff." cbs reporter tara mergener says congress remains gridlocked and fewer americans expect any progress before the new year. >>> reporter: senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the "fiscal cliff." higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many parts of the country, in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. >> good morning? >> reporter: house republicans scuttled the proposal from speaker john boehner last week an
cliff." cbs reporter tara mergener says congress remains gridlocked and fewer americans expect any progress before the new year. >>> reporter: senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the "fiscal cliff." higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low...
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it's just 14.5 hours from that big deadline for the nation's lawmakers to avoid the dreaded "fiscal cliff." we have a live picture from the u.s. capital where the house just reconvened just a short tim ago. a source telling the "associated press" the democrats have offered to extend tax cuts for families making up to $450,000 a year and individuals that are making $400,000 a year. the president originally wanted the tax cuts to be extended only for families making up to $250,000 a year. for more on the down-to-the wire talks here's andrew spencer. >> if there is an ultimate compromise, there will be parts of it that i find disgusting and reprehensible which i may have to swallow in the name of compromise. >> reporter: a rare sunday session on capitol hill. >> senate will come to order. >> reporter: as lawmakers work on avoiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agree to push forward. >> i want everyone to know i'm willing to get this done, but i need a dance partn
it's just 14.5 hours from that big deadline for the nation's lawmakers to avoid the dreaded "fiscal cliff." we have a live picture from the u.s. capital where the house just reconvened just a short tim ago. a source telling the "associated press" the democrats have offered to extend tax cuts for families making up to $450,000 a year and individuals that are making $400,000 a year. the president originally wanted the tax cuts to be extended only for families making up to...
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. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences, our top priority has to be to make sure that taxes on middle class families do thought go up that would hurt our economy badly. we can get that done. >> president obama called for immediate action, but there was that vote in the senate tonight. >> we are going to come in at 11:00 a.m. tomorrow morning, and we will have further announcements perhaps at 11:00 in the morning. i certainly hope so. >> mitch mcconnell frustrated with the lack of progress called vice president biden in for help. biden is now said to be playing a direct role. >> there is no single issue that remains an impossible s
. >>> the nation is now just 24 hours away from going over the fiscal cliff. the one-two punch of tax increases and budget cuts set to go into affect on january 1st. negotiations will continue through the night, and a top man at the nation's capital has been called in to help. our abc news reporter has the latest from washington. >> the clock is ticking. negotiations are on going. at this point democrats and republicans remain at odds. >> regardless of partisan differences,...
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Dec 25, 2012
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not much is happening in the fiscal cliff situation. it would mean a series of tax hikes and spending cuts taking effect in about a week. on wall street. the dow lost 52 points in a shortened christmas eve trading day. the nasdaq dropped eight. and the s-and-p lost 3 points. >> catherine: there could also be what you might call a 'dairy cliff'. beginning next year, you could pay as much as seven dollars for a gallon of milk if congress doesn't step in. with the focus on the fiscal cliff - other legislative matters are falling by the wayside.including a stalled farm bill. certain protections for farmers are expiring. one of them is the dairy subsidy, which ends january first. if congress doesn't act before then, the u-s would revert back to a 63-year-old dairy policy. it would force the government to buy milk at inflated prices, driving up the cost.. ------------------------ now showing les miserables- >> quentin tarantino takes movie goers to the deep south of a plantation owner ...with leonardo eicaprio samuel l. jackson and 'les miser
not much is happening in the fiscal cliff situation. it would mean a series of tax hikes and spending cuts taking effect in about a week. on wall street. the dow lost 52 points in a shortened christmas eve trading day. the nasdaq dropped eight. and the s-and-p lost 3 points. >> catherine: there could also be what you might call a 'dairy cliff'. beginning next year, you could pay as much as seven dollars for a gallon of milk if congress doesn't step in. with the focus on the fiscal cliff -...
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of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many more times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and, in fact, the treasury department said that the government on monday will hit the limit of how much money we can borrow to run the government. they're going to do some extraordinary measures to keep us going until february. but things look grim. the one sliver of good news i can say on the substance is, the speaker's office tells me this morning there has been contact between the speaker of the house and the president, at least on the staff level. and they won't say whether or not the two men actually spoke. >> contact. hazahs all around. we heard a lot about taxes that w
of the looming fiscal cliff deadline. it is now just five days away. is there any movement on either side? how many more times can we ask this question of abc chief white house correspondent, jonathan karl, joining us this morning. dare i ask, where we stand this morning? >> reporter: good news and bad news. the president's coming back to washington. the senate's coming back. they're ready to strike a deal. the bad news, josh, no progress whatsoever. and, in fact, the treasury department...
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still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a plan by midnight tonight tax rates for all americans will increase. >> if there is an ultimate compromise, there will be parts of it i find disgusting and rep hencable which i may have to swallow in the name of finding a compromise. >> reporter: how will this effect you come tomorrow morning? if there is not a deal reach there won't be a drastic change in your next paychecks. if this plays out long-term the average american middle class family stands to lose out on $2,000 to $3,000 over the next year due to the increased taxes. live in washington kyla c
still don't have a deal to avoid the fiscal cliff. kyla campbell reports we are just hours away from automatic tax increases and government spending cuts. >> reporter: frustration is hitting a speak this morning after talking stalled last night. the house and senate will get back to work over the next few hours. senators have been trying to come up with a deal but with no luck. new mitch mcconnell is negotiating with vice president joe biden. if political leaders can not come up with a...